US Stock Market Sector Analysis – Friday, October 18, 2024 BULLISH

Netflix (NFLX) led today's notable move with an 11.1% rally after company-specific headlines drove a surge in Media & Entertainment, pushing the sector up 5.9% as investors rotated into content names. The broader US stock market saw strength across 15 sectors while only 4 closed lower, and the S&P 500 was buoyed by gains in Airlines (+1.0%) and Food & Restaurant (+1.1%). The Magnificent 7 group was mixed but resilient overall, with NVIDIA (NVDA) up 0.8% and Apple (AAPL) up 1.2%, supporting the AI spend theme even as Microsoft (MSFT) and Tesla (TSLA) showed relative softness. Key movers in chip-related names were mixed: ASML (ASML) and Applied Materials (AMAT) were among the top gainers even as TSMC (TSM) and ARM (ARM) trimmed the Chip Supply Chain group.

Market Condition Dashboard

US 10-Year Treasury Yield

Wait & Watch

4.08%

stable

Impact

Confidence

Crude Oil (WTI)

Neutral

$69.22

-2.0% 1D

Impact

Confidence

VIX (Fear Index)

Normal Range

18.0

-5.7% 1D

Impact

Confidence

Tracked Stocks Breadth (50DMA)

Late-Cycle Caution

81%

55 of 68 above 50DMA · -8.8pp 5D

Impact

Confidence

Put/Call Ratio (5D)

Caution

0.75

Call-Heavy · stable

Impact

Confidence

Signal analysis only — not investment advice

Sector Performance (Base=100)

AI and Technology Sector Analysis

The AI and technology investment theme held center stage as Mag 7 dispersion continued to shape flows: NVIDIA (NVDA) $137.78 remains the primary execution story with a 20-day gain of +18.7% and a 50-day advance of +31.8%, while Apple (AAPL) $233.25 and Amazon (AMZN) $188.99 paced defensive exposure within the cohort. Chip Supply Chain names are seeing selective buying linked to AI hardware demand, even as the Chip Equipment group shows a muted 50-day backdrop reflecting recent weakness. Enterprise Software names such as Palantir (PLTR) $42.97 are benefiting from the AI re-rate and infrastructure spending expectations as firms prioritize model deployment and cloud capacity.

US Stock Sector Overview

Sector	1D	5D	20D	vs 50MA
Mag 7 (AI Spenders)	+0.5%	-0.1%	+1.1%	ABOVE
Chip Supply Chain	-0.5%	-1.7%	+5.9%	ABOVE
Infrastructure	-1.0%	+0.5%	+9.1%	ABOVE
Enterprise Software	+0.8%	-1.5%	+4.4%	ABOVE
Finance	+0.2%	+1.4%	+6.7%	ABOVE
Healthcare	+0.4%	-3.6%	-0.4%	BELOW
Retail	+0.5%	+0.6%	-0.9%	ABOVE
IT Services	+0.1%	+1.0%	+8.4%	ABOVE
Airlines	+1.0%	+10.8%	+30.1%	ABOVE
Hospitality & Travel	-0.0%	+1.4%	+8.0%	ABOVE
Food & Restaurant	+1.1%	+2.2%	+3.6%	ABOVE
Logistics	+0.2%	+1.8%	+5.8%	BELOW
Industrial	+0.5%	+1.0%	+7.5%	ABOVE
Cybersecurity	+0.1%	-1.1%	+7.8%	ABOVE
Chip Equipment	+1.5%	-15.0%	-7.0%	BELOW
Data Center REITs	+0.9%	+2.7%	+2.1%	ABOVE
Utilities	+0.5%	+3.5%	+1.8%	ABOVE
Energy	-0.3%	-2.0%	+2.2%	ABOVE
Defense & Aerospace	+0.2%	+1.1%	+3.6%	ABOVE
Telecom	+0.5%	+2.7%	+4.7%	ABOVE
Media & Entertainment	+5.9%	+4.8%	+6.5%	ABOVE
Biotech	-0.3%	+0.5%	-0.5%	BELOW
Materials	+0.5%	+2.8%	+8.1%	ABOVE
Analog & Embedded Chips	+0.5%	-3.5%	-1.1%	BELOW

Sector Strength

Media & Entertainment +5.9% 20d: +6.5%

Netflix (NFLX) +11.1% (20d: +8.3%), Disney (DIS) +0.8% (20d: +4.6%)

Chip Equipment +1.5% 20d: -7.0%

ASML +3.2% (20d: -10.0%) [<50MA], Applied Materials (AMAT) +1.7% (20d: -4.0%) [<50MA], Lam Research (LRCX) -0.4% (20d: -7.1%) [<50MA]

Food & Restaurant +1.1% 20d: +3.6%

Starbucks (SBUX) +1.6% (20d: +1.4%), McDonald's (MCD) +0.6% (20d: +5.9%)

Airlines +1.0% 20d: +30.1%

United (UAL) +1.1% (20d: +41.6%), Delta (DAL) +1.0% (20d: +18.7%)

Data Center REITs +0.9% 20d: +2.1%

Digital Realty (DLR) +1.0% (20d: +2.7%), Equinix (EQIX) +0.7% (20d: +1.5%)

Sector Warnings

Infrastructure -1.0% 20d: +9.1%

Dell (DELL) -2.1% (20d: +7.6%), Vertiv (VRT) -1.8% (20d: +16.8%), Hewlett Packard Enterprise (HPE) -1.2% (20d: +9.9%)

Chip Supply Chain -0.5% 20d: +5.9%

TSMC (TSM) -2.5% (20d: +14.9%), ARM Holdings (ARM) -1.0% (20d: +8.0%), Broadcom (AVGO) -0.9% (20d: +4.0%)

Biotech -0.3% 20d: -0.5%

Gilead (GILD) -0.7% (20d: +3.3%), Amgen (AMGN) +0.1% (20d: -4.2%) [<50MA]

Energy -0.3% 20d: +2.2%

Chevron (CVX) -0.3% (20d: +2.2%), Exxon Mobil (XOM) -0.3% (20d: +2.3%)

Sector Deep Dive

Media & Entertainment outperformed today, led by Netflix (NFLX) $76.39 which jumped +11.1% and pushed the sector to a 1-day gain of +5.9% and a 50-day performance of +16.7% ABOVE that moving average; the 50-day context shows sustained momentum for content players after recent positive catalysts.

Chip Supply Chain traded with divergence: ARM Holdings (ARM) $153.03 slipped -1.0% and TSMC (TSM) $196.47 dropped -2.5%, while the sector still sits +20.2% over its 50-day average; the 50-day window indicates the group remains above its trend despite short-term profit-taking in leading foundry and IP names.

Infrastructure showed modest weakness intraday with Hewlett Packard Enterprise (HPE) $19.84 down -1.2% and Vertiv (VRT) $112.01 off -1.8%, yet the sector's 50-day position is +26.5% ABOVE the 50MA, signaling that longer-term demand for data-center and networking upgrades remains intact even as individual stocks pause.

Chip Equipment painted a contrasting picture: ASML (ASML) $712.26 gained +3.2% and Applied Materials (AMAT) $183.62 rose +1.7%, but the sector's 50-day trend is -9.3% BELOW the 50MA, highlighting how equipment names are attempting a tactical rebound inside a softer 50-day backdrop.

Enterprise Software benefited from AI-related deal activity with Palantir (PLTR) $42.97 up +2.3%, and the sector sits +16.3% ABOVE its 50-day average; the 50-day context supports continued rotation into software names that can monetize AI deployments for enterprise clients.

Market Breadth Analysis

US stock market breadth analysis shows 19 of 24 sectors trading above their 50-day moving average, while 5 are below. The majority of sectors holding above the 50-day MA indicates healthy medium-term momentum. With 19 sectors positive over 20 days, buying pressure remains broad-based.

Interactive Charts

S&P 500 & NASDAQ 100

50-Day Sector Performance

1-Day vs 5-Day Sector Change

Active Alerts

MEDIUM TSLA down -15.6% from 20-day high

Stock-Level Detail

Mag 7 (AI Spenders) Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AAPL	$233.25	+1.2%	+1.6%	+3.8%	+8.8%	ABOVE	0
NVDA	$137.78	+0.8%	-0.1%	+18.7%	+31.8%	ABOVE	0
AMZN	$188.99	+0.8%	+0.8%	-2.5%	+13.2%	ABOVE	0
MSFT	$412.43	+0.3%	-0.2%	-3.5%	+3.2%	BELOW	0
GOOG	$164.01	+0.3%	-0.8%	+1.2%	-0.1%	ABOVE	0
META	$573.17	-0.1%	-2.4%	+2.1%	+11.4%	ABOVE	1
TSLA	$220.70	-0.1%	+0.7%	-11.7%	+10.3%	BELOW	2

Chip Supply Chain Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
INTC	$22.77	+1.5%	-2.9%	+0.9%	+15.5%	ABOVE	0
MRVL	$79.48	-0.1%	+2.8%	+11.3%	+32.0%	ABOVE	2
QCOM	$164.64	-0.1%	-4.0%	+3.0%	+4.5%	ABOVE	4
AMD	$155.97	-0.2%	-5.6%	-0.5%	+16.2%	ABOVE	1
AVGO	$177.15	-0.9%	-1.3%	+4.0%	+21.7%	ABOVE	1
ARM	$153.03	-1.0%	-5.4%	+8.0%	+30.8%	ABOVE	1
TSM	$196.47	-2.5%	+4.5%	+14.9%	+20.6%	ABOVE	1

Infrastructure Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
CSCO	$54.54	+0.6%	+4.6%	+9.6%	+25.8%	ABOVE	0
SMCI	$47.26	-0.7%	-0.3%	+1.4%	-7.1%	BELOW	2
HPE	$19.84	-1.2%	-0.1%	+9.9%	+20.2%	ABOVE	1
VRT	$112.01	-1.8%	-0.1%	+16.8%	+57.1%	ABOVE	1
DELL	$122.84	-2.1%	-1.5%	+7.6%	+36.6%	ABOVE	1

Enterprise Software Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
PLTR	$42.97	+2.3%	-1.0%	+13.2%	+43.2%	ABOVE	0
CRM	$289.24	+0.6%	+0.4%	+10.9%	+16.2%	ABOVE	0
NOW	$184.35	+0.5%	-2.4%	-0.4%	+13.6%	ABOVE	0
ADBE	$494.90	-0.4%	-2.9%	-6.2%	-7.7%	BELOW	4

Finance Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
JPM	$217.61	+0.4%	+1.8%	+7.2%	+10.2%	ABOVE	0
GS	$510.43	-0.1%	+1.1%	+6.3%	+8.4%	ABOVE	2

Healthcare Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UNH	$546.40	+0.6%	-5.9%	-0.7%	+2.3%	BELOW	0
LLY	$906.59	+0.1%	-1.2%	-0.1%	+3.1%	BELOW	0

Retail Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
WMT	$80.04	+0.5%	+1.3%	+1.2%	+20.0%	ABOVE	0
COST	$881.28	+0.5%	-0.0%	-3.0%	+4.1%	ABOVE	0

IT Services Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ACN	$364.05	+0.5%	+3.4%	+11.6%	+19.8%	ABOVE	0
IBM	$221.68	-0.3%	-1.3%	+5.3%	+21.3%	ABOVE	2

Airlines Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UAL	$74.15	+1.1%	+16.7%	+41.6%	+78.8%	ABOVE	0
DAL	$54.71	+1.0%	+4.9%	+18.7%	+42.4%	ABOVE	0

Hospitality & Travel Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MAR	$261.42	+0.4%	+1.5%	+9.9%	+22.2%	ABOVE	0
BKNG	$171.64	-0.5%	+1.2%	+6.2%	+26.7%	ABOVE	1

Food & Restaurant Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
SBUX	$92.61	+1.6%	+2.2%	+1.4%	+29.7%	ABOVE	0
MCD	$303.73	+0.6%	+2.2%	+5.9%	+18.8%	ABOVE	0

Logistics Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
UPS	$121.86	+0.4%	+1.0%	+5.6%	+9.4%	ABOVE	0
FDX	$213.27	+0.1%	+2.6%	+6.0%	-0.6%	BELOW	0

Industrial Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
HON	$211.50	+1.1%	+2.0%	+9.0%	+12.6%	ABOVE	0
CAT	$384.98	-0.2%	-0.0%	+6.1%	+16.4%	ABOVE	1

Cybersecurity Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ZS	$190.01	+0.7%	-3.4%	+8.7%	+9.0%	ABOVE	0
CRWD	$77.54	-0.1%	-0.1%	+5.8%	+28.7%	ABOVE	1
PANW	$187.41	-0.4%	+0.2%	+8.9%	+13.1%	ABOVE	1

Chip Equipment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
ASML	$712.26	+3.2%	-17.1%	-10.0%	-16.0%	BELOW	0
AMAT	$183.62	+1.7%	-12.9%	-4.0%	-2.3%	BELOW	0
LRCX	$71.82	-0.4%	-15.0%	-7.1%	-9.6%	BELOW	4

Data Center REITs Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
DLR	$157.26	+1.0%	+2.1%	+2.7%	+11.0%	ABOVE	0
EQIX	$862.02	+0.7%	+3.4%	+1.5%	+9.9%	ABOVE	0

Utilities Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
NEE	$80.15	+0.7%	+1.8%	-0.5%	+9.6%	ABOVE
SO	$88.06	+0.6%	+3.8%	+3.0%	+8.3%	ABOVE
DUK	$113.49	+0.1%	+4.9%	+2.9%	+8.2%	ABOVE

Energy Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
XOM	$113.29	-0.3%	-3.3%	+2.3%	+1.8%	ABOVE	2
CVX	$139.95	-0.3%	-0.7%	+2.2%	+5.1%	ABOVE	1

Defense & Aerospace Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
LMT	$583.67	+0.4%	+0.2%	+5.4%	+11.5%	ABOVE
RTX	$122.05	+0.1%	+1.0%	+4.7%	+9.0%	ABOVE
GD	$298.34	+0.1%	+2.2%	+0.6%	+5.8%	ABOVE

Telecom Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA
TMUS	$216.77	+0.6%	+3.4%	+10.2%	+15.3%	ABOVE
T	$20.19	+0.6%	+2.8%	+3.0%	+13.5%	ABOVE
VZ	$39.19	+0.3%	+1.9%	+0.9%	+9.6%	ABOVE

Media & Entertainment Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
NFLX	$76.39	+11.1%	+7.1%	+8.3%	+20.5%	ABOVE	0
DIS	$95.06	+0.8%	+2.4%	+4.6%	+12.8%	ABOVE	0

Biotech Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
AMGN	$304.62	+0.1%	-0.9%	-4.2%	+0.4%	BELOW	0
GILD	$82.64	-0.7%	+2.0%	+3.3%	+18.8%	ABOVE	1

Materials Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
APD	$317.53	+1.0%	+3.7%	+14.4%	+20.1%	ABOVE	0
LIN	$475.43	+0.1%	+1.9%	+1.9%	+9.1%	ABOVE	0

Analog & Embedded Chips Show individual tickers

Ticker	Price	1D	5D	20D	50D	vs 50MA	Down Days
MCHP	$73.66	+1.0%	-2.1%	+0.4%	+2.2%	BELOW	0
TXN	$188.77	+0.1%	-4.9%	-2.6%	+3.3%	BELOW	0

Key Stock Movers

Today's biggest movers by absolute percentage change: Netflix (NFLX) (Media & Entertainment) rose 11.1% to $76.39. ASML (Chip Equipment) rose 3.2% to $712.26. TSMC (TSM) (Chip Supply Chain) fell 2.5% to $196.47. Palantir (PLTR) (Enterprise Software) rose 2.3% to $42.97. Dell (DELL) (Infrastructure) fell 2.1% to $122.84. These individual stock movements were key drivers of their respective sector performance.

Risk and Opportunity Assessment

There are 1 medium-severity risk signals to monitor. While not requiring immediate action, keep an eye on the flagged sectors for further deterioration.

US Stock Market Outlook

With 19 sectors above their 50-day moving averages and 5 below, breadth remains constructive for the S&P 500 but selective. Active alerts include TSLA (TSLA) flagged down -15.6% from its 20-day high, a caution for momentum strategies given the stock's recent volatility and the group's below-50MA signal in some Mag 7 members. Over the next sessions we expect continued rotation between AI leaders (further NVDA upside potential) and cyclicals that are already extended in the 50-day window; position size toward names with clear 50-day leadership and avoid chasing rebounds in stocks flagged by medium alerts.

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